The move is in response to challenges introduced by new disclosure requirements under the One, Big, Beautiful Bill.
The Southern Maryland Chronicle on MSN

IRS Eases Tip, Overtime Reporting Rules for 2025

The U.S. Department of the Treasury and Internal Revenue Service announced penalty relief Monday for employers and payors ...
The IRS and the Treasury Department issued guidance giving penalty relief to employers and other payors for tax year 2025 on ...
Notice 2025-62 PDF provides penalty relief from the new information reporting requirements for cash tips and qualified ...
The U.S. Department of the Treasury and the Internal Revenue Service (IRS) are rolling out guidance on the new “No Tax on Tips” provision under the One Big Beautiful Bill Act (OBBB Act), ushering in a ...
MiBolsilloColombia on MSN

IRS Delays Tax Withholding Updates

The IRS has announced a delay in implementing updated tax withholding tables until the fiscal year 2026. This decision aims to prevent disruptions for employers, payroll processors, and taxpayers who ...
The IRS delays key payroll and withholding updates, giving taxpayers and employers a temporary break before new rules arrive ...
Passed as an Internal Revenue Code amendment in the One Big Beautiful Bill Act, this new law has immense implications for ...
The Internal Revenue Service (IRS) requires employers and employees alike to use specific tax forms to accurately record ...